The House Transportation and Infrastructure Committee is slated to vote today on two bills that would authorize federal funding for water infrastructure and airports - including bond-related funds - and to outline how the fiscal 2010 budget summary released by the White House last week would affect infrastructure.

The water bill would authorize $13.8 billion in federal grants over five years to capitalize clean water state revolving funds, and would allow states to make negative-interest loans and offer loan principle forgiveness - in effect, grants - to localities. The funds also could be used by states to provide low-interest loans for water projects.

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